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  1. Many Pensions were very under funded. With all...

    Many Pensions were very under funded. With all thats going on now I am expecting many to lose their pensions if the government doesn't step in and Bail them out (save them).
  2. Armstrong Economics The Pension Crisis...

    Armstrong Economics


    The Pension Crisis Looking to Take Everybody’s Pensions


    COMMENT: This government [Queensland, Australia] pension scheme has been shaky for a while. Originally it was for...
  3. Expect more of this. Wait until the pensions...

    Expect more of this. Wait until the pensions start going bust many won't be happy.


    Walgreens cuts long-time health benefit for retired employees in ‘unusual’ move

    Walgreens said in a...
  4. Public pensions are the Trojan horses of US...

    Public pensions are the Trojan horses of US entitlements

    Total unfunded liabilities at U.S. state and local public defined benefit pension plans are about $1.4 trillion — more than three times...
  5. Pension liabilities sharply limit state budget...

    Pension liabilities sharply limit state budget options

    ...
  6. Could CalPERS, California's public pension...

    Could CalPERS, California's public pension system, be catastrophically underwater?

    Furthermore, the official assumption that CalPERS is even two-thirds funded may be wildly optimistic.

    With...
  7. The Postal Service was unable to pay the $6.9...

    The Postal Service was unable to pay the $6.9 billion it owed the federal government to prefund pensions and health benefits for workers, as has been the case for several years. It has more than $120...
  8. We’re Reaching the Beginning of the End of the...

    We’re Reaching the Beginning of the End of the Pension Fund Crisis

    Typically, public pensions assume a 7-percent discount rate so they need to generate a return higher than that. But according to...
  9. Feds move to take over Sears pension plans, will...

    Feds move to take over Sears pension plans, will cover ‘vast majority’ of benefits for retailer’s 90,000 retirees

    The agency covers individuals’ pensions, up to certain limits, if an insured...
  10. New York City Joins The “Imminent Bankruptcy”...

    New York City Joins The “Imminent Bankruptcy” Club

    (Bloomberg) – New York City faces future health costs for its retired workers of $103.2 billion, an increase of $40 billion over a decade. It has...
  11. This is by no means prophecies of doom and gloom....

    This is by no means prophecies of doom and gloom. Unfortunately, they are prophecies not even of a pessimist, but only facts that are comprehensible simply using a pocket calculator and not even a...
  12. Fed Accounting Change Boosts Unfunded Pension...

    Fed Accounting Change Boosts Unfunded Pension Obligations


    In case you missed it, the Federal Reserve’s quarterly Financial Accounts report last week included a change to accounting for state and...
  13. Public pensions are paying higher fees for lower...

    Public pensions are paying higher fees for lower returns, Pew study finds

    Public pension plans are spending more than $2 billion a year in fees on high-cost, risky investments to boost returns....
  14. Retired Teamster asks Congress to save troubled...

    Retired Teamster asks Congress to save troubled pension funds

    Many of those plans, which cover union workers in fields such as trucking and construction and receive contributions from multiple...
  15. My nephews friends parents just received a letter...

    My nephews friends parents just received a letter their pension is done. The fund is broke and can no longer make payments. Now in their late 60's and early 70's they have togo back to work, find new...
  16. Fort Worth's pension fund in jeopardy Fort...

    Fort Worth's pension fund in jeopardy

    Fort Worth and its employees particularly police and firefighters, have sounded the alarm on its pension plan problems for years.


    Time is running out to...
  17. Diocese of Providence’s Teachers & Staff Pension...

    Diocese of Providence’s Teachers & Staff Pension Fund Faces Failure, May Impact Thousands

    According to Diocesan documents secured by GoLocalProv, the pension fund for a large number of teachers...
  18. Los Angeles Unified School District Unfunded...

    Los Angeles Unified School District Unfunded Retiree Health Benefit Liability Nears $15 Billion

    ...
  19. Chicago's pension precipice: It's worse than you...

    Chicago's pension precipice: It's worse than you thought.



    A circuit court judge in March struck down a 2014 state law that eased pressure on the pension fund of Chicago Park District retirees....
  20. They stuck in a bill to bailout over 200 pension...

    They stuck in a bill to bailout over 200 pension plans in the bill Trump signed Today........
  21. The down turn in stocks is not going to help.

    The down turn in stocks is not going to help.
  22. California is in a state of very serious...

    California is in a state of very serious insolvency

    The largest public pension fund in the United States is the California Public Employees Retirement System (CalPERS) for civil servants....
  23. City of Santa Monica's Unfunded Pension Costs...

    City of Santa Monica's Unfunded Pension Costs Jump 20 Percent

    ...
  24. So much for 'happily ever after': Sears...

    So much for 'happily ever after': Sears pensioners stagger under stress of cuts


    My doctors didn't want me to work, but I got to work,' says Sears retiree Ron Husk, 72

    Life insurance, health...
  25. Unfunded Liabilities From State Government...

    Unfunded Liabilities From State Government Pension a Major Threat, Report Finds


    The American Legislative Exchange Council (ALEC), the nation’s largest organization of state legislators, recently...
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